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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 929 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

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  1. 1.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  2. 2.One glass of chai costs ₹20 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One jute bag costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One cupcake costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹20 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  7. 7.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  8. 8.One cupcake costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  9. 9.One glass of chai costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹32 to make and Kavya sells it for ₹40. What is the markup in percent?
  11. 11.One handmade card costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One clay diya costs ₹12 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  14. 14.One glass of chai costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹34 to make and Gurpreet sells it for ₹68. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹45 to make and Lakshmi sells it for ₹54. What is the markup in percent?
  17. 17.One fruit cup costs ₹26 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹50 to make and Saanvi sells it for ₹75. What is the markup in percent?
  19. 19.One bag of popcorn costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  20. 20.One friendship band costs ₹36 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹20 to make and Dev sells it for ₹24. What is the markup in percent?
  22. 22.One paper bookmark costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  24. 24.One potted plant costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  26. 26.One paper bookmark costs ₹12 to make and Rohan sells it for ₹15. What is the markup in percent?
  27. 27.One cup of lemonade costs ₹44 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹28 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹40 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹28 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹14 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One friendship band costs ₹15 to make and Kabir sells it for ₹18. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  36. 36.One fruit cup costs ₹50 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One paper bookmark costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. what buyers will pay
  2. 4
  3. 55
  4. 3
  5. 11
  6. 25
  7. a loss
  8. 20
  9. 36
  10. 25
  11. 15
  12. 18
  13. cost + a markup
  14. 10
  15. 100
  16. 20
  17. 52
  18. 50
  19. 25
  20. 54
  21. 20
  22. 22
  23. 10
  24. 22
  25. 20
  26. 25
  27. 22
  28. 7
  29. 70
  30. 12
  31. 40
  32. 35
  33. 21
  34. 20
  35. 20
  36. 100
  37. 60
  38. 11
  39. 11
  40. 2

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